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The Redwoods 1341-1353 Redwood Way

57,174 SF 94% Leased Light Industrial Building Petaluma, CA 94954 £7,505,095 (£131/SF) 7% Net Initial Yield

Executive Summary

1341-1359 Redwood provides an opportunity to purchase a 94% leased light industrial/flex building in the Redwood Way Business Park located in Petaluma, California. The building contains a broad base of local, in-demand businesses including showroom, industrial, office and fitness tenants. The property is located less than a 1/4 mile from US 101 and is surrounded by extensive retail and service amenities, including a hotel, and is 1 mile from the new SMART Train stop. The property was recently upgraded with a parking-lot slurry seal and striping. The only vacancy has been refreshed to industrial space standards. 1341-1359 Redwood is designed to provide rollup doors in the rear of the property and is equipped with one dock-high loading door and ramp that can be shared amongst the tenants. In addition, the property has an existing condo map in place with 10 condo units providing future flexibility for sales of the building as individual units.

Attachments

Brochure

Property Facts

Price £7,505,095
Price Per SF £131
Sale Type Investment
Net Initial Yield 7%
Property Type Light Industrial
Building Class B
Lot Size 2.90 AC
Rentable Building Area 57,174 SF
Number of Floors 1
Year Built 1988
Parking Ratio 4.23/1,000 SF
Clear Ceiling Height 17 ft 6 in
No. Dock-High Doors/Loading 1
Level Access Doors 4

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl - 1345
  • 3,200 SF
  • Light Industrial
  • -
  • Now

Excellent Warehouse/Office Space ± 3,200 SF available. $1.25 NNN New Roll up door Approximately 242 parking spaces. Park-like setting surrounded by mature redwood trees. North Petaluma location near the intersection of North McDowell Blvd and Old Redwood Highway. A 3D tour of the space can be found at this link:https://my.matterport.com/show/?m=WQZZu5UT9TT

Space Size Space Use Condition Available
1st Fl - 1345 3,200 SF Light Industrial - Now

1st Fl - 1345

Size
3,200 SF
Space Use
Light Industrial
Condition
-
Available
Now

1st Fl - 1345

Size 3,200 SF
Space Use Light Industrial
Condition -
Available Now

Excellent Warehouse/Office Space ± 3,200 SF available. $1.25 NNN New Roll up door Approximately 242 parking spaces. Park-like setting surrounded by mature redwood trees. North Petaluma location near the intersection of North McDowell Blvd and Old Redwood Highway. A 3D tour of the space can be found at this link:https://my.matterport.com/show/?m=WQZZu5UT9TT

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 137-160-002
  • 137-160-005
  • 137-160-007
  • 137-160-001
  • 137-160-003
  • 137-160-010
  • 137-160-006
  • 137-160-009
  • 137-160-004
  • 137-160-008
Land Assessment
£2,115,032
Improvements Assessment
£5,157,911
Total Assessment
£7,272,943

zoning

Zoning Code CITYPE
CITYPE
  • Listing ID: 32236953

  • Date on Market: 24/06/2024

  • Last Updated:

  • Address: 1341-1353 Redwood Way, Petaluma, CA 94954

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